Accidents and illnesses
Employee insurance today is
- an element of competent financial planning, creating an undeniable advantage over competitors in the field of HR policy;
- an excellent tool for attracting new valuable employees;
- a motivating factor for retaining qualified personnel;
- a tool for motivating career growth;
- a factor for improving the quality of work and increasing the productivity of employees and the business as a whole by increasing staff loyalty;
- a factor for improving the public image of the company.
- When concluding insurance contracts, the employer can take into account the employee's personal contribution to the development of the business by differentiating the amounts of individual insurance amounts and shares in the payment of the insurance premium.
Reliable insurance coverage for corporate clients is a whole range of insurance services, thanks to which the employee and his family receive insurance coverage in the event of tragic events related to life or health.
To create an effective flexible corporate social package, which is currently an essential component of the HR policy of the most successful companies, allow universal group life insurance programs:
- Accident and illness insurance programs for employees.
- Middle management insurance programs.
- Accident and illness insurance programs for top management and key figures of the enterprise.
Corporate accident and illness insurance will provide reliable insurance coverage for employees and their family members, will protect the family in the event of the loss of a breadwinner or loss of ability to work of the insured.
In addition to the basic accident and illness insurance programs, the following additional insurance risks may be added:
- total permanent loss of working capacity with assignment of 1 or 2 disability groups as a result of an accident with 3 degree of limitation of ability to work;
- total permanent loss of working capacity with assignment of 1 or 2 disability groups as a result of an accident or illness with 3 degree of limitation of ability to work;
- temporary loss of working capacity as a result of an accident or illness;
- injury.
In order to make maximum use of the tax benefits provided by current legislation, it is proposed to conclude contracts for a period of at least five years. In this case, the insurance premium can be attributed to expenses in the amount of 12% of the amount of labor costs.
In addition, insurance premiums paid for individuals from employers' funds under voluntary insurance contracts concluded in case of death or disability due to illness and (or) injury in accordance with the General Life Insurance Rules of Credit Europe Life Insurance Company LLC are not included in the income taxable income of individuals. The amounts of insurance payments are not subject to confiscation and are exempt from judicial collection, and are transferred by the insurer to the bank account specified by the insured person.
Important! Any person specified by you may be the beneficiary under the insurance contract.
When concluding insurance contracts, the employer may take into account the employee's personal contribution to business development by differentiating the amounts of individual insurance amounts and shares of participation in the payment of the insurance premium, which will allow the enterprise to create a more flexible system of labor incentives and increase the level of social protection of employees, and, accordingly, the image of the manager as socially oriented.
